LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI EAFE ETF
IEFA
|
+$325M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$290M |
| 3 |
Vanguard Total Bond Market
BND
|
+$227M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$226M |
| 5 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$190M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$290M |
| 2 |
iShares TIPS Bond ETF
TIP
|
+$192M |
| 3 |
iShares Core S&P US Value ETF
IUSV
|
+$179M |
| 4 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$91.7M |
| 5 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.47% |
| 2 | Consumer Discretionary | 3.2% |
| 3 | Financials | 2.84% |
| 4 | Healthcare | 2.77% |
| 5 | Communication Services | 2.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1426
iShares MSCI USA Size Factor ETF
SIZE
$428M
| $2.94M | ﹤0.01% |
26,400
-113
| -0.4% | -$11.7K |
|
1427
Nokia
NOK
$51B
| $2.93M | ﹤0.01% |
748,786
-179,169
| -19% | -$706K |
|
1428
Cerence
CRNC
$385M
| $2.92M | ﹤0.01% |
29,082
+3,096
| +12% | +$231K |
|
1429
Rambus
RMBS
$9.87B
| $2.92M | ﹤0.01% |
167,242
+18,715
| +13% | +$294K |
|
1430
Amplify Etho Climate Leadership US ETF
ETHO
$186M
| $2.9M | ﹤0.01% |
54,673
+12,032
| +28% | +$588K |
|
1431
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
$652M
| $2.9M | ﹤0.01% |
56,075
+30,022
| +115% | +$1.44M |
|
1432
PUT
Apple
AAPL
$4.54T
| $2.89M | ﹤0.01% |
21,800
-2,600
| -11% | -$313K |
|
1433
Molina Healthcare
MOH
$10.2B
| $2.89M | ﹤0.01% |
13,573
+12,199
| +888% | +$2.52M |
|
1434
Amplify Junior Silver Miners ETF
SILJ
$3.18B
| $2.88M | ﹤0.01% |
176,882
+39,141
| +28% | +$571K |
|
1435
Leggett & Platt
LEG
$1.34B
| $2.88M | ﹤0.01% |
65,083
+28,436
| +78% | +$1.22M |
|
1436
Toronto Dominion Bank
TD
$198B
| $2.88M | ﹤0.01% |
51,102
+2,883
| +6% | +$146K |
|
1437
Invesco China Technology ETF
CQQQ
$3.03B
| $2.88M | ﹤0.01% |
34,929
-9,005
| -20% | -$690K |
|
|
EMD
1438
Western Asset Emerging Markets Debt Fund
EMD
$609M
| $2.88M | ﹤0.01% |
206,823
+19,516
| +10% | +$257K |
|
1439
ResMed
RMD
$30.6B
| $2.87M | ﹤0.01% |
13,517
+429
| +3% | +$85.5K |
|
|
EMTL
1440
DELISTED
State Street DoubleLine Emerging Markets Fixed Income ETF
EMTL
| $2.87M | ﹤0.01% |
55,977
+10,954
| +24% | +$552K |
|
1441
Invesco MSCI Sustainable Future ETF
ERTH
$133M
| $2.86M | ﹤0.01% |
38,063
+11,067
| +41% | +$733K |
|
1442
American Century Diversified Corporate Bond ETF
KORP
$869M
| $2.86M | ﹤0.01% |
53,872
+190
| +0.4% | +$10K |
|
1443
Atmos Energy
ATO
$28.8B
| $2.86M | ﹤0.01% |
29,933
+3,297
| +12% | +$318K |
|
1444
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.31B
| $2.85M | ﹤0.01% |
17,442
-16,971
| -49% | -$2.79M |
|
1445
Halliburton
HAL
$26.9B
| $2.85M | ﹤0.01% |
150,579
-20,422
| -12% | -$317K |
|
1446
Rollins
ROL
$18.3B
| $2.84M | ﹤0.01% |
77,409
+57
| +0.1% | +$2.21K |
|
1447
VanEck Short High Yield Muni ETF
SHYD
$451M
| $2.84M | ﹤0.01% |
114,668
-43,043
| -27% | -$1.05M |
|
1448
JPMorgan US Quality Factor ETF
JQUA
$8.21B
| $2.84M | ﹤0.01% |
79,210
+9,794
| +14% | +$335K |
|
1449
Fiverr
FVRR
$321M
| $2.84M | ﹤0.01% |
14,564
+4,117
| +39% | +$745K |
|
1450
JPMorgan BetaBuilders US Aggregate Bond ETF
BBAG
$1.02B
| $2.84M | ﹤0.01% |
50,989
-10,234
| -17% | -$570K |
|
Similar funds
LPL Financial's Q4 2020 Portfolio in Review
As of Q4 2020, LPL Financial held 3,938 positions worth $77.2B, up 21% from $64B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
LPL Financial deployed $5.76B of net new capital in Q4 2020, opening 393 new positions and adding to 2,285 existing holdings. Its largest new stake was Global X MSCI China Consumer Discretionary ETF: 351,999 shares worth $12.5M.
By sector, the portfolio is most concentrated in Technology at 6.5% of assets, up from 6.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares MSCI USA Min Vol Factor ETF, an estimated $290M trimmed.
- LPL Financial's largest Q4 2020 buy was Global X MSCI China Consumer Discretionary ETF: 351,999 shares worth $12.5M.
- LPL Financial added most to iShares Core MSCI EAFE ETF in Q4 2020, an estimated $325M increase.
- LPL Financial's biggest Q4 2020 reduction was iShares MSCI USA Min Vol Factor ETF, cutting an estimated $290M.
- LPL Financial fully exited iShares iBonds Dec 2020 Term Corporate ETF in Q4 2020, selling an estimated $23.5M.
- LPL Financial's ten largest holdings make up 20% of its $77.2B portfolio in Q4 2020.
- LPL Financial opened 393 new positions and closed 132 in Q4 2020.
- LPL Financial's portfolio value rose 21% quarter-over-quarter to $77.2B.
Based on LPL Financial's 13F filing for Q4 2020, filed 12 Feb 2021.